NYSE Brokers Say Some Stock Orders Were `Lost' in Final Minutes of Trading

(Bloomberg) -- Traders at the New York Stock Exchange
said they couldn't confirm that some buy and sell orders were
filled in the final minutes of floor trading today.

``The orders somehow got lost in cyberspace,'' said Theodore
Weisberg, president of Seaport Securities Corp. in New York. ``As
best we can tell, we weren't able to get any fills. What shows up
here Monday morning remains to be seen.''


Read more at Bloomberg Stocks News

Argentine Central Bank puts brakes on peso's fall

(Reuters) - BUENOS AIRES, July 25 - Argentina's Central Bank
put the brakes on a steep fall in the peso currency in
Wednesday afternoon trade by selling dollars on the interbank
foreign currency market, traders said.




Traders said the central bank sold a small, strategic
amount of dollars, enough to bring the peso back to
3.1650/3.1675 per dollar , after the asking price
slipped to 3.1875 in the morning.


Read more at Reuters.com Bonds News

Dollar hits 2-month low vs yen, languishes vs euro

(Reuters) - The dollar fell to a two-month low against the yen and hovered near a record low against the euro on Tuesday as worries about U.S. subprime mortgage woes hurting the credit market and the U.S. economy still weighed.

Traders said market sentiment remained bearish for the dollar, and players were awaiting U.S. economic data later in the week for clues on whether the problems in the housing sector were spreading to broader economic activity.


Read more at Reuters Africa

Australian Dollar Snaps 4-Day Rally, Retreating From 18-Year High

(Bloomberg) -- The Australian dollar snapped a
four-day rally to an 18-year high on speculation traders betting
the central bank will raise interest rates won't add to holdings.

The currency has surged 4.5 percent in the past month as
interest-rate futures show speculators have fully priced in that
the Reserve Bank of Australia will lift borrowing costs by year-
end. Traders have increased bets on the Australian dollar,
figures on July 13 by the Washington-based Commodity Futures
Trading Commission show. It slid the most in a week today.


Read more at Bloomberg Currencies News

Dollar Trades Near Record Low Before Inflation, Treasury Holdings Reports

(Bloomberg) -- The dollar traded near a record low
against the euro before U.S. government reports that economists
forecast will show slowing inflation and waning foreign demand
for U.S. securities.

Yields on 10-year Treasury notes yesterday fell for a
second day, diminishing the appeal of holding dollar-denominated
assets. Traders have stepped up bets the Federal Reserve will
cut interest rates before Chairman Ben S. Bernanke delivers
testimony before the House Financial Services Committee tomorrow.


Read more at Bloomberg Currencies News

JGBs down, hit by weak Treasuries, 10-year sale

(Reuters) - Traders said they were looking at the U.S. bond market for
direction as JGB prices were expected to move in narrow ranges
ahead of next week's policy meeting by the Bank of Japan, having
digested key data, the auction and speeches by BOJ officials.




"Sluggish demand for the new 10-year issue has weighed on
sentiment, at least in that sector, as the paper is seen as
expensive relative to other maturities," said Kenro Kawano, a
fixed income strategist at Credit Suisse.
The 10-year JGB sale on Tuesday drew lower-than-expected
demand from dealers despite a 1.9 percent coupon, which was the
highest since August, because dealers had wanted a re-opening of
the No. 286 1.8 percent issue to ease their shortage in the repo
market.


Read more at Reuters.com Bonds News

Venezuela's Bolivar Trades at Three-Month Low on Trading Penalty Concerns

(Bloomberg) -- Venezuela's bolivar traded at a
three-month low in unregulated trading on concern the government
plans to crack down on currency speculators.

Traders said volume in the so-called parallel market, in
which companies and individuals obtain dollars illegally,
plunged for a third straight day as lawmakers considered tougher
fines and jail terms for infractions.


Read more at Bloomberg Currencies News

New Zealand Dollar Drops on Speculation Central Bank Is Selling Currency

(Bloomberg) -- The New Zealand dollar, the best-
performing major currency in the past 12 months, dropped on
speculation the nation's central bank intervened to drive it
lower for the second time this month.

Traders and strategists at Bank of New Zealand Ltd. and ANZ
National Bank Ltd. said the central bank probably sold New
Zealand dollars today. The central bank has ``no comment to
make,'' spokeswoman Anthea Black said by telephone from
Wellington.


Read more at Bloomberg Currencies News

Dollar Rises Sixth Day Against Euro as Retail Sales in May Beat Forecast

(Bloomberg) -- The dollar rose for a sixth straight
day against the euro after a government report showed U.S.
retail sales rose last month more than economists forecast.

Traders increased bets the Federal Reserve will hold
interest rates steady later this year. The U.S. currency
strengthened yesterday as former Federal Reserve Chairman Alan
Greenspan predicted a decline in U.S. bonds, pushing benchmark
10-year Treasury yields to the highest since 2002.


Read more at Bloomberg Currencies News

REFILE Derivatives traders see 121,200 gain in US payrolls

(Reuters) - That compares with prevailing forecasts on Wall Street
around 130,000. The Labor Department report is due out on
Friday at 8:30 a.m. .




Traders use the auctions to hedge against surprises in the
report or speculate on the outcome.


Read more at Reuters.com Economic News

Australia, New Zealand Dollars Drop as Appetite Weakens for Higher Yields

(Bloomberg) -- The Australian and New Zealand
dollars headed for weekly losses against the yen as a slump in
global stocks prompted investors to reduce bets on higher-
yielding assets.

The currencies fell to the weakest in two weeks versus the
yen as Asian equities followed U.S. shares lower. Traders cut
so-called carry trades, where they borrow in countries with
lower interest rates to fund higher-yielding investments.
Australia's interest rate of 6.25 percent and New Zealand's 7.75
percent compare with Japan's 0.5 percent.


Read more at Bloomberg Currencies News

European Energy Traders Want More Information on Gas Transport and Storage

(Bloomberg) -- Operators of Europe's natural-gas
storage facilities and liquefied natural gas terminals should
provide more data on flows and storage levels to improve market
transparency, the European Federation of Energy Traders said.

The information should be available free of charge to all
market participants via the Internet, in the national language
and in English, EFET said in a report published yesterday. The
group is made up of more than 70 energy-trading companies from
18 European countries.


Read more at Bloomberg Energy News

Preparing For A Career As A Broker Or Trader

Are you having trouble deciding between a career as a stockbroker or a trader? Each career involves trading securities, but the nature of each varies greatly and these variations could make all the difference when it comes to determining which career will suit you best.

In this article, we'll take a look at these differences as well as the preparation required to pursue either career.

Read full article at investopedia.com

Traders And Investors' Roles In The Marketplace

Many people use the words "trading" and "investing" interchangeably when, in reality, they are two very different activities. While both traders and investors participate in the same marketplace, they perform two very different tasks using very different strategies.

Both of these parties are necessary, however, for the market to function smoothly. This article will take a look at both parties and the strategies that they use to make a profit in the marketplace

Read full article at investopedia.com

Gold flat; mood bullish after heavy fund buying

Gold was little changed on Thursday, with sentiment remaining bullish after it surged more than 3 percent to a nine-month high as strong energy prices and geopolitical tensions induced heavy fund buying.

Traders were eager to test the metal's upside after Wednesday's rally, with demand rising for gold exchange-traded funds (ETF) and investors keen to diversify into gold and other commodities as U.S. equity prices were holding near record highs.

Gold's allure as a tool to hedge against inflation also rose after a surprisingly big pick-up in core U.S. consumer prices in January.

Read more at Reuters South Africa